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additional fees and shall, collectively with the monthly fees, be called the “Fees.” The covenant of the Licensee to pay the
<br />Fees shall be independent of every other covenant of the Agreement. If Licensee does not pay the Fees by the fifth
<br />(calendar) day of a month, Licensee shall also pay to County a late charge of $15.00 (fifteen dollars) as additional Fees. Such
<br />late charge shall be increased by $5.00 (five dollars) for each subsequent 5-day period (calendar days) that the Fees are not
<br />paid.
<br />6.DEPOSIT. Prior to the Commencement Date, Licensee shall deliver to County the sum set forth in paragraph 1(i), which
<br />County shall retain as security for the performance by Licensee of each of its obligations hereunder. If Licensee fails at any
<br />time to perform its obligations, County may at its option apply the Deposit, or so much thereof as is required, to cure
<br />Licensee’s default, but if prior to the termination of this Agreement, County depletes the Deposit in whole or in part,
<br />Licensee shall immediately restore the amount so used by County. County may commingle this Deposit with its other funds
<br />and any interest thereon is the sole property of the County. If Licensee is not in default hereunder, County shall within 30
<br />days of the termination or expiration of this Agreement refund to Licensee so much of the Deposit as it continues to hold.
<br />7.SERVICES BY COUNTY AND UTILITIES. County shall cause to be furnished to the Premises, during reasonable business
<br />hours, Monday through Friday, 8:00 AM – 6:00 PM (excluding national or state holidays), the following services: reasonable
<br />electricity; wireless internet access, building standard fluorescent lighting; heating at seasonably reasonable temperatures;
<br />supplying the rest rooms; plus nonhazardous trash removal, janitorial service, and furnishing hot and cold water to the
<br />building Common Areas. County has the right, but not the obligation, to inspect the Premises and all electrical devices
<br />therein from time to time to assure that such devices are not overloading the electrical system at the Studios or otherwise
<br />creating an electrical hazard. Licensee acknowledges that due to the imperfect nature of electronic communications,
<br />electronics and utilities, and County shall not be responsible for damages, direct or consequential, which may result for the
<br />failure of County to furnish any of the aforesaid services. County will, however, act in good faith and in a commercially
<br />reasonable manner in working to remedy any flaws in the facilities or equipment, or delays in providing access to the
<br />facilities or equipment to Licensee.
<br />8. LICENSEE’S ACCEPTANCE AND MAINTENANCE OF PREMISES. Upon the commencement of the use of the Premises by
<br />Licensee, Licensee represents to County that it has examined and inspected the Premises and finds such to be as
<br />represented by County and satisfactory for Licensee’s intended use, which examination and findings constitute Licensee’s
<br />acceptance “AS IS, WHERE IS, SUBJECT TO ALL FAULTS.” County makes no representation or warranty as to the condition of
<br />the Premises. Licensee shall maintain the Premises during the Term in a good, neat, clean and attractive condition at all
<br />times and shall leave the Premises at the end of the Term in good repair and condition. Licensee shall take no actions that
<br />will damage or otherwise devalue the Premises or the Studios. If Licensee does not perform its maintenance obligations in a
<br />timely manner and diligently and continuously pursue completion, County shall have the right, but not the obligation, to
<br />perform such maintenance, and any amounts so expended by County shall be paid by Licensee to County promptly after
<br />demand. Licensee acknowledges that Licensee is using the Premises and Studios at Licensee’s own free will and decision,
<br />and that County does not have any liability with respect to Licensee’s access, participation in, use of the facilities, or any
<br />loss resulting from such participation or use.
<br />9.NO ASSIGNMENTS OR LEASES. Licensee has no interest in the Studios or the Premises and may not assign, transfer,
<br />mortgage, or encumber this Agreement in any way, and may not sublease any part or all of the Premises. In no event shall
<br />this Agreement be assignable by operation of law, and Licensee’s rights hereunder may not become, and shall not be listed
<br />by Licensee as an asset under any bankruptcy, insolvency or reorganization proceedings. Licensee is not, may not become,
<br />and shall never represent itself to be an agent of County, and Licensee expressly recognizes that County’s leasehold is
<br />paramount. By executing this Agreement Licensee expressly states Licensee has no property interest in or to the Studios or
<br />the Premises.
<br />10. LICENSEE’S OBLIGATIONS. Licensee shall comply with all applicable laws, ordinances, and regulations affecting the manner
<br />in which Licensee uses the Premises, now existing or hereafter adopted, including general rules and regulations for
<br />Licensees (a copy of the present rules being attached as Exhibit B), as may be developed from time to time by County and
<br />delivered to Licensee or posted at the Studios. Licensee shall further comply with the environmental obligations set out on
<br />Exhibit C attached hereto.
<br />Licensee at its sole cost and expense shall keep or cause to be kept for the mutual benefit of County and Licensee a
<br />commercial general liability insurance policy naming County as additional insured against any and all claims for bodily injury
<br />and property damage occurring in or about the Premises and Studios or arising out the Licensee’s (or Licensee’s authorized
<br />representatives, invitees, agents, or anyone else for whom Licensee is responsible) use of or activities on or in connection
<br />with the Premises or Studios.
<br />DocuSign Envelope ID: C1C47B2F-83BF-4164-AC7B-970ED7A5F654
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